US Bancorp DE Sells 65 Shares of Cable One, Inc. (NYSE:CABO)

US Bancorp DE lessened its position in Cable One, Inc. (NYSE:CABO) by 24.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 197 shares of the company’s stock after selling 65 shares during the period. US Bancorp DE’s holdings in Cable One were worth $71,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CABO. Public Employees Retirement System of Ohio lifted its position in Cable One by 20.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock valued at $60,000 after acquiring an additional 29 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of Cable One by 3.1% in the third quarter. Sanctuary Advisors LLC now owns 1,445 shares of the company’s stock worth $505,000 after purchasing an additional 43 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Cable One by 15.5% during the fourth quarter. Global Retirement Partners LLC now owns 343 shares of the company’s stock valued at $124,000 after purchasing an additional 46 shares in the last quarter. KBC Group NV boosted its position in shares of Cable One by 45.5% during the third quarter. KBC Group NV now owns 160 shares of the company’s stock valued at $56,000 after buying an additional 50 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its position in shares of Cable One by 2.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 2,690 shares of the company’s stock valued at $974,000 after buying an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on CABO. JPMorgan Chase & Co. lowered their target price on shares of Cable One from $420.00 to $325.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. KeyCorp dropped their target price on shares of Cable One from $825.00 to $650.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Finally, Wells Fargo & Company decreased their target price on shares of Cable One from $340.00 to $240.00 and set an “underweight” rating for the company in a research note on Friday, February 28th.

Insider Transactions at Cable One

In other news, Director Wallace R. Weitz bought 1,000 shares of Cable One stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $244.02 per share, with a total value of $244,020.00. Following the acquisition, the director now owns 5,584 shares of the company’s stock, valued at $1,362,607.68. The trade was a 21.82 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

Cable One Price Performance

Shares of NYSE:CABO opened at $239.09 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $1.35 billion, a PE ratio of 5.53 and a beta of 0.93. The firm’s 50 day moving average price is $295.97 and its 200-day moving average price is $341.83. Cable One, Inc. has a twelve month low of $225.94 and a twelve month high of $452.72.

Cable One Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th were given a $2.95 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $11.80 annualized dividend and a yield of 4.94%. Cable One’s payout ratio is presently 229.57%.

Cable One Company Profile

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.